There is ‘broad spread stakeholder support’ for the core elements of reform, says the head of the Financial Reporting Council.

Watchdogs delay new audit regulations as debate continues over quality control measures.

Private equity funding of audit firms is an emerging issue to watch, according to the Financial Reporting Council.

Adopting proposals ditched by the previous government would foster growth and a transparent, trustworthy business ecosystem.

Plans for resilience reporting regulations are scrapped in the volte-face, as is the requirement for an audit and assurance policy.